<p><strong>朝云集团有限公司</strong>（HKG:6601）的股息将从去年同期的支付减少至 10 月 9 日的 CN¥0.0571。该收益率仍高于行业平均水平，达到 5.3%。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<h2>朝云集团未来的股息可能面临风险</h2>
<p>令人印象深刻的股息收益率固然好，但如果支付无法维持，这并没有太大意义。在发布此公告之前，朝云集团支付了相当大比例的收益，并且也没有产生正的自由现金流。我们认为这种做法可能会使未来的股息变得相当风险。</p>
<p>预计每股收益在未来一年将增长 14.9%。假设股息继续沿着近期趋势发展，我们认为支付比率可能达到 97%，这可能无法持续，而会对资产负债表施加一些压力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813"/></p>
<p>SEHK:6601 历史股息 2025 年 9 月 2 日</p>
<p>查看我们对朝云集团的最新分析</p>
<h2>朝云集团的股息缺乏一致性</h2>
<p>即使在其短暂的历史中，我们也看到过股息被削减。股息从 2021 年的年总额 CN¥0.044 减少到最近的年总支付 CN¥0.122。这意味着在此期间其分配以每年 29% 的速度增长。尽管朝云集团在过去至少削减过一次股息，但其分配增长速度仍然很快。削减一次的公司往往会再次削减，因此我们对仅仅为了股息收入而购买该股票持谨慎态度。</p>
<h2>股息增长可能难以实现</h2>
<p>鉴于过去曾削减股息，我们需要检查收益是否在增长，以及这是否可能导致未来更强的股息。在过去五年中，朝云集团的每股收益似乎每年下降约 7.4%。收益的适度下降并不好，这使得未来股息增长的可能性相当小，除非这一趋势能够逆转。然而，明年实际上看起来不错，收益预计将上升。我们会等到这成为一种模式后再过于兴奋。</p>
<h2>股息可能被证明不可靠</h2>
<p>总体而言，看到股息被削减并不理想，但这可能是由于之前支付的金额有些过高。支付金额略高，无法被视为可持续，且过往记录并不理想。如果收入是你的重点，我们认为朝云集团并不是一个很好的股票来加入你的投资组合。</p>
<p>市场动向证明了一致的股息政策相比于更不可预测的政策是多么被高度重视。同时，在投入资金到一只股票之前，我们的读者还应注意其他因素。进一步探讨这一问题，我们已识别出 <strong>朝云集团的 1 个警示信号</strong>，投资者在未来需要关注。想要寻找更多高收益的股息投资想法？试试我们的 <strong>强劲股息支付者集合。</strong></p>

朝云集团

<p>朝云集团 (HKG:6601) 宣布将股息减少至每股 CN¥0.0571，低于去年的支付水平。尽管收益率为 5.3%，但由于高派息比率和缺乏正现金流，未来股息的可持续性引发了担忧。每股收益预计将增长 14.9%，但过去的股息削减和五年来盈利下降使得关注收入的投资者需保持谨慎。该公司的不稳定股息历史暗示未来支付存在潜在风险</p>

<p><strong>Cheerwin Group Limited's</strong> (HKG:6601) dividend is being reduced from last year's payment covering the same period to CN¥0.0571 on the 9th of October. The yield is still above the industry average at 5.3%.</p>
<div class="lb-trans"><p><strong>朝云集团有限公司</strong>（HKG:6601）的股息将从去年同期的支付减少至 10 月 9 日的 CN¥0.0571。该收益率仍高于行业平均水平，达到 5.3%。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><h2>Cheerwin Group's Future Dividends May Potentially Be At Risk</h2>
<div class="lb-trans"><h2>朝云集团未来的股息可能面临风险</h2>
</div><p>Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before making this announcement, Cheerwin Group was paying out a fairly large proportion of earnings, and it wasn't generating positive free cash flows either. We think that this practice can make the dividend quite risky in the future.</p>
<div class="lb-trans"><p>令人印象深刻的股息收益率固然好，但如果支付无法维持，这并没有太大意义。在发布此公告之前，朝云集团支付了相当大比例的收益，并且也没有产生正的自由现金流。我们认为这种做法可能会使未来的股息变得相当风险。</p>
</div><p>Earnings per share is forecast to rise by 14.9% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could reach 97%, which probably can't continue without putting some pressure on the balance sheet.</p>
<div class="lb-trans"><p>预计每股收益在未来一年将增长 14.9%。假设股息继续沿着近期趋势发展，我们认为支付比率可能达到 97%，这可能无法持续，而会对资产负债表施加一些压力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813" alt="" original-src="https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813"/></p>
<p>SEHK:6601 Historic Dividend September 2nd 2025</p>
<div class="lb-trans"><p>SEHK:6601 历史股息 2025 年 9 月 2 日</p>
</div><p>Check out our latest analysis for Cheerwin Group</p>
<div class="lb-trans"><p>查看我们对朝云集团的最新分析</p>
</div><h2>Cheerwin Group's Dividend Has Lacked Consistency</h2>
<div class="lb-trans"><h2>朝云集团的股息缺乏一致性</h2>
</div><p>Even in its short history, we have seen the dividend cut. The dividend has gone from an annual total of CN¥0.044 in 2021 to the most recent total annual payment of CN¥0.122. This means that it has been growing its distributions at 29% per annum over that time. Cheerwin Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income.</p>
<div class="lb-trans"><p>即使在其短暂的历史中，我们也看到过股息被削减。股息从 2021 年的年总额 CN¥0.044 减少到最近的年总支付 CN¥0.122。这意味着在此期间其分配以每年 29% 的速度增长。尽管朝云集团在过去至少削减过一次股息，但其分配增长速度仍然很快。削减一次的公司往往会再次削减，因此我们对仅仅为了股息收入而购买该股票持谨慎态度。</p>
</div><h2>Dividend Growth May Be Hard To Come By</h2>
<div class="lb-trans"><h2>股息增长可能难以实现</h2>
</div><p>Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Over the past five years, it looks as though Cheerwin Group's EPS has declined at around 7.4% a year. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. However, the next year is actually looking up, with earnings set to rise. We would just wait until it becomes a pattern before getting too excited.</p>
<div class="lb-trans"><p>鉴于过去曾削减股息，我们需要检查收益是否在增长，以及这是否可能导致未来更强的股息。在过去五年中，朝云集团的每股收益似乎每年下降约 7.4%。收益的适度下降并不好，这使得未来股息增长的可能性相当小，除非这一趋势能够逆转。然而，明年实际上看起来不错，收益预计将上升。我们会等到这成为一种模式后再过于兴奋。</p>
</div><h2>The Dividend Could Prove To Be Unreliable</h2>
<div class="lb-trans"><h2>股息可能被证明不可靠</h2>
</div><p>Overall, it's not great to see that the dividend has been cut, but this might be explained by the payments being a bit high previously. The payments are bit high to be considered sustainable, and the track record isn't the best. We don't think Cheerwin Group is a great stock to add to your portfolio if income is your focus.</p>
<div class="lb-trans"><p>总体而言，看到股息被削减并不理想，但这可能是由于之前支付的金额有些过高。支付金额略高，无法被视为可持续，且过往记录并不理想。如果收入是你的重点，我们认为朝云集团并不是一个很好的股票来加入你的投资组合。</p>
</div><p>Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Taking the debate a bit further, we've identified <strong>1 warning sign for Cheerwin Group</strong> that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our <strong>collection of strong dividend payers.</strong></p>
<div class="lb-trans"><p>市场动向证明了一致的股息政策相比于更不可预测的政策是多么被高度重视。同时，在投入资金到一只股票之前，我们的读者还应注意其他因素。进一步探讨这一问题，我们已识别出 <strong>朝云集团的 1 个警示信号</strong>，投资者在未来需要关注。想要寻找更多高收益的股息投资想法？试试我们的 <strong>强劲股息支付者集合。</strong></p>
</div>

朝云集团（HKG:6601）今年的股息将低于去年